Global Executive Demand Rises,
Suggesting Corporate Optimism

By

S. Karene WitcherStaff Reporter of The Wall Street Journal

Updated Sept. 7, 1999 12:01 am ET

The strength of global demand for executives in the second quarter of this year suggests that big business is optimistic about prospects for the world economy, said recruiting company Korn/Ferry International.

Overall global demand for executives jumped 22% from the year-earlier quarter, underpinned by strong demand for top managers in Asia, according to a quarterly survey conducted by Korn/Ferry of its more than 3,700 clients on demand for managers earning more than US$150,000 a year.